Craig-Hallum analyst Richard Shannon maintained a Buy rating on Astera Labs, Inc. (ALAB – Research Report) today. The company’s shares closed last Friday at $76.96.
According to TipRanks, Shannon is a 4-star analyst with an average return of 3.4% and a 42.21% success rate. Shannon covers the Technology sector, focusing on stocks such as AXT, Vicor, and Navitas Semiconductor.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Astera Labs, Inc. with a $84.11 average price target.
The company has a one-year high of $95.21 and a one-year low of $50.61. Currently, Astera Labs, Inc. has an average volume of 3.41M.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALAB in relation to earlier this year.
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Astera Labs, Inc. (ALAB) Company Description:
Astera Labs, Inc.,Our PCIe, CXL and Ethernet semiconductor-based connectivity solutions are purpose-built to unleash the full potential of cloud and AI infrastructure. Inspired by trusted partnerships with hyperscalers and the data center ecosystem, we are an innovation leader of products that are customizable, interoperable, and reliable.
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